Based on your provided project name “Xmas Past” and abbreviation “XPAST”, and referencing the concise style of the Bitcoin and Ethereum whitepaper titles, since the official whitepaper for this project could not be found, I have summarized its core theme based on the characteristics of the project name. Xmas Past: Eternal Digital Memory Platform

What is Xmas Past

Friends, imagine we could go back in time—not literally, but in the blockchain world, there’s a project called Xmas Past (short: XPAST). The name is quite intriguing, inspired by the “Ghost of Christmas Past” from Charles Dickens’ “A Christmas Carol.” Like that ghost, this project aims to help us revisit the “old-school” yield farming model and bring it into the modern blockchain era, specifically operating within the Fantom ecosystem (a high-performance blockchain network).

Simply put, Xmas Past is a decentralized finance (DeFi) project that provides a platform for users to earn yields by participating in “Farms” and “Pools”—what we commonly call “mining.” Its goal is to offer a safe, high-quality yield farming experience, helping people ease financial pressures in real life, much like Scrooge in “A Christmas Carol” who gets a chance at “redemption.”

Yield Farming: Think of it as depositing your digital assets (such as cryptocurrencies) into a special “digital farm,” which then helps you “grow” more digital assets as returns. This is a way to earn passive income in the DeFi space.

Project Vision and Value Proposition

Xmas Past’s vision is rich in storytelling. By providing a yield farming platform, it hopes to give participants a chance to escape the “rat race” and financial struggles of the real world, just as the “Ghost of Christmas Past” gave Scrooge an opportunity for reflection and change. Its core value proposition is to deliver a safe and high-quality yield farming experience, allowing users to earn yields with peace of mind in the Fantom ecosystem. The project team hopes to spread happiness during the joyful Christmas season through this approach.

Technical Features

The Xmas Past project is built on the Fantom blockchain ecosystem. Fantom is known for its fast speed and low transaction costs, providing an efficient foundation for Xmas Past’s yield farming operations. The project’s core technical features lie in its yield farming mechanism, including various “Farms” and “Pools,” where users can deposit their cryptocurrencies to earn XPAST tokens or other tokens as rewards.

To ensure user fund safety, the liquidity of the Xmas Past project (understood as the total funds in the pool) has been locked via a third-party service called Rugdoc. This means the project team cannot arbitrarily withdraw funds, reducing the risk of a “rug pull.” Additionally, the project has published its smart contract addresses, including the XPAST token contract, MasterChef contract (managing farms and reward distribution), and Timelock contract (a time lock to delay important operations and increase transparency).

Fantom Ecosystem: A blockchain platform based on DAG (Directed Acyclic Graph) technology, known for high throughput and low latency, making it ideal for DeFi applications.

Smart Contract: Computer programs stored on the blockchain that automatically execute when preset conditions are met. They are the cornerstone of DeFi projects.

Tokenomics

The native token of the Xmas Past project is XPAST. Its total supply is set at 288,000 XPAST, which is a relatively small fixed amount. The project’s initial liquidity pool consists of 3,000 XPAST paired with $3,000 USDC/WFTM, with an initial price set at $1.

The XPAST token features a 5% transaction tax mechanism, applied to both buying and selling. This 5% tax is allocated as follows: 1% of XPAST is burned (permanently removed), and the remaining 4% is used to increase liquidity, ensuring smooth market trading. Notably, yields earned through farming (mining) are not subject to transaction tax. Additionally, liquidity tokens generated from transaction taxes are also permanently burned.

The token emission rate is higher in the early stages of the project: 0.07 XPAST per second for the first 3 hours, then reduced to 0.02 XPAST per second, aiming to reward early participants and stabilize subsequent mining experiences. Regarding pools, participating in the project’s native pools incurs no deposit fees, while non-native pools may charge up to a 4% deposit fee.

XPAST tokens also have a dividend mechanism, allowing holders to stake XPAST to earn Fantom tokens (FTM) and other tokens as dividends. According to historical data from CoinMarketCap, the circulating supply of XPAST is about 3,959 tokens.

Tokenomics: The study of the economic model of cryptocurrencies, including supply, distribution, utility, incentive mechanisms, etc., to understand their value and behavior.

Liquidity: Refers to how easily an asset can be bought or sold without affecting its price. High liquidity means easier trading and more stable prices.

Team, Governance, and Funds

Regarding the core team members of the Xmas Past project, no detailed information is publicly disclosed at present. The project documentation mentions that liquidity has been locked via Rugdoc, which increases fund security to some extent. Additionally, the smart contracts include a “Timelock” mechanism, meaning important protocol changes require a delay before taking effect, giving the community time to review and respond, thus increasing transparency. However, the specific governance model (such as whether there is a decentralized autonomous organization, DAO) is not clearly stated.

Decentralized Autonomous Organization (DAO): An organization run via smart contracts, with rules encoded on the blockchain, where community members collectively vote to decide the project’s direction and decisions.

Roadmap

In the official materials of the Xmas Past project, there is a “roadmap” section, but its content is more of a functional overview rather than a specific timeline. For example, it mentions “dividends” as part of the product, i.e., staking XPAST to earn other tokens. This indicates that the project already had its core yield farming and dividend features at launch. However, there is currently no detailed information about the project’s future development plans, milestone events, or schedule.

Common Risk Reminders

Friends, every blockchain project comes with risks, and Xmas Past is no exception. Before considering participation, please be aware of the following points:

• Project Activity and Maintenance Risk: Based on available information, the project documentation was last updated around late 2021 to early 2022. In the fast-evolving crypto space, this may indicate low project activity or discontinued maintenance. Projects lacking long-term updates and maintenance may face issues such as outdated technology and unresolved security vulnerabilities.
• Smart Contract Risk: Although the project mentions audit and KYC Rugdoc, no detailed audit report links or results are provided. Smart contracts may have undiscovered vulnerabilities, and if attacked, users’ funds could be at risk.
• Liquidity and Price Volatility Risk: The total supply of XPAST tokens is relatively small, and the circulating supply is limited. This may cause the token price to be easily affected by large trades, resulting in sharp fluctuations. If market liquidity is insufficient, users may find it difficult to buy or sell tokens at ideal prices.
• Operational Complexity Risk: The project documentation mentions that users may encounter issues when removing liquidity, requiring specific actions (such as selecting “Withdraw into wFTM”). This suggests some complexity in user experience, and improper operations may lead to funds being locked or lost.
• Impermanent Loss Risk: As a yield farming project, if users provide liquidity to pools and the prices of the pooled tokens change drastically, they may suffer impermanent loss.
• Regulatory and Compliance Risk: Global regulatory policies on cryptocurrencies are still evolving, and future policy changes may impact the project’s operations and token value.
• Not Investment Advice: All the above information is for reference only and does not constitute investment advice. The cryptocurrency market is highly volatile; please conduct thorough personal research and make decisions based on your own risk tolerance.

Impermanent Loss: When providing two assets to a liquidity pool, if the prices of those assets change, the total value you withdraw may be less than if you simply held both assets. This potential loss is called impermanent loss.

Verification Checklist

To further understand the Xmas Past project, you can try verifying through the following channels:

• Block Explorer Contract Address:
  • XPAST token contract address:
    0xD3111Fb8BDf936B11fFC9eba3b597BeA21e72724
    . You can check this address on the Fantom block explorer (such as FTMScan) to view token transaction history, holder distribution, and more.
• GitHub Activity: Try searching for a public GitHub repository for the project and check its code update frequency and community contributions. An active development community is usually a positive sign for project health.
• Official Website and Social Media: The project documentation mentions the official website, Telegram, and Discord. Visit these platforms to learn about the latest updates, community discussion atmosphere, and whether the team actively responds to user questions.
• Audit Report: If the project claims to be audited, look for and carefully read the full audit report to understand the scope, identified issues, and whether they have been resolved.

Project Summary

Xmas Past (XPAST) is a decentralized yield farming project running on the Fantom ecosystem, with a core concept of providing a safe, high-quality mining experience to help users earn yields. Inspired by the “Ghost of Christmas Past,” the project aims to bring “redemption” in financial terms. It features a clear tokenomics model, including a fixed maximum supply, transaction tax mechanism (partially burned, partially used to increase liquidity), and a dividend mechanism. The project’s liquidity is locked by a third party, and it uses timelock contracts—measures intended to enhance security and transparency.

However, it’s important to note that, based on current information, the project documentation was last updated some time ago, which may indicate low activity or maintenance frequency. Additionally, while audits are mentioned, there is a lack of detailed audit reports, and users may need to follow specific steps when removing liquidity, suggesting potential operational complexity and risk. As a DeFi project, it also faces inherent risks such as smart contract vulnerabilities, impermanent loss, and market volatility.

Overall, Xmas Past is a yield farming project with a unique narrative background, and its tokenomics and security measures are transparent to a certain extent. However, given the fast-changing crypto market and the timeliness of project information, potential participants should be fully aware of the risks and conduct their own in-depth research and risk assessment. Remember, this is not investment advice; crypto asset investment carries high risk.

For more details, please conduct your own research.